Reserves fall amid peso weakness
The country’s foreign reserves fell to a 15-month low as the Bangko Sentral ng Pilipinas (BSP) battled a weakening local currency.
· 2 min read
Daily TribuneTopic
The country’s foreign reserves fell to a 15-month low as the Bangko Sentral ng Pilipinas (BSP) battled a weakening local currency.
· 2 min read
The summit focused heavily on three priorities: Energy security, food security and the safety of ASEAN nationals abroad.
· 2 min read
Across the region, governments should resist the temptation to simply subsidize their way through the crisis.
· 3 min read
MACTAN, Cebu — Trade Secretary Cristina Roque has urged economic ministers to take a timely and practical approach in the Middle East crisis, which has been…
· 2 min read
MACTAN, Cebu — As the Middle East war continues, and tariff woes remain, investors in the ASEAN region are more cautious, Philippine Trade and Industry…
· 2 min read
External debt, meanwhile, jumped 4.81 percent to P5.95 trillion from P5.68 trillion, as the peso’s depreciation inflated the peso equivalent of foreign…
· 2 min read
‘We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal.’
· 2 min read
The local bourse bounced back above the 6,000 level while the peso strengthened sharply to P60.42 from Wednesday’s close of P61.30, reflecting a weak US dollar…
· 2 min read
If promises were indeed unkept, the current financial problems of the government militates against any attempt to squeeze money from the treasury.
· 2 min read
The Philippine unemployment rate eased slightly in March to 5.0 percent, though government data released Wednesday suggests that job quality and long-term…
· 2 min read
Vice President Sara Duterte on Tuesday expressed concern over the persistent inflation, the weakening peso and rising fuel prices, at the same time warning…
· 1 min read
Amid the global energy problem brought about by the Middle East crisis, leaders of the Association of Southeast Asian Nations gather in Cebu tomorrow, May 8,…
· 2 min read
The 7.2 percent April headline inflation print reported by the Philippine Statistics Authority (PSA) on Monday may prompt the central bank to preemptively…
· 2 min read
The Philippine Stock Exchange index rebounded strongly on Wednesday, climbing 1.17 percent to 5,967.21 on reports that the US paused military escort operations…
· 2 min read
The local bourse and the peso posted substantial gains as progress in diplomatic relations between the United States and Iran gave investors much-needed…
· 2 min read
Petron Corp.’s first-quarter net income fell 56 percent to P1.8 billion from P4 billion a year earlier, dragged by refinery disruptions and a sharp surge in…
· 2 min read
President Ferdinand Marcos Jr. has ordered measures to bring down rice prices as inflation surged, with officials citing rising fuel costs — not supply…
· 2 min read
LAPU-LAPU CITY, Cebu — ASEAN leaders will convene this week to a scaled-down, “bare bones” setup as tensions in the Middle East have forced a shift in both the…
· 1 min read